The Seven Levels of Asset Protection

Today I participated in a teleconference on Asset Protection Planning. Although the program was a bit basic for me, speaker Carl Waldman. Esq. included a helpful chart of the Levels of Asset Protection, which I have expanded on here: Exemptions - certain assets are automatically protected...

Asset Protection - The Wrong Way

In a case of "you have got to be kidding me" a Florida man adopts his girlfriend (in her mid-40's) as part of an "oh no - I should have done this sooner" dubious asset protection plan. Steven A. Loeb, Esq . points out that there is a right way and a wrong way to approach asset...

New York Obtains Jurisdiction over Non-U.S. Jurisdiction/Cook Island Trustee

Southpac is a trust company that operates in several Non-U.S. jurisdictions, including the Cook Islands and Nevis (both have aggressive asset protection laws that seek to attract international asset protection trusts). Most individuals seeking non-U.S. asset protection utilize a trust company that has...

When Bad Florida Estate Planning Ruins Your Asset Protection Planning

According to the 1 st District Court of Appeals ruling in Morey 2004 v. Everbank , and Air Craun, Inc, 37 Fla. L. Weekly D1739 [ enhanced version available to lexis.com subscribers ], simple estate planning mistakes can defeat years of asset protection planning . In Morey 2004 , both the trial court...

3 Asset Protection Tips for 2013

As North Carolina business owners and other taxpayers adjust to the effects of the 2012 American Tax Payer Relief Act , they are starting to focus on asset protection strategies at the same time as minimizing taxes to the fullest extent possible. Effective asset protection strategies in North...